MultiversX Tracker is Live!

People here often joke that we should inverse this subreddit. Is there truth to this idea and why (not)?

All Cryptocurrencies

by COINS NEWS 91 Views

A popular comment here is "inverse r/CryptoCurrency", which refers to the idea that the decisions and preferences of this subreddit -so of us- should be inversed and we basically function as a source for countertrading. This is similar to what we say about Jim Cramer, who is often bullish at tops and bearish at bottoms.

I admit that I always thought this was a joke. We give quite good advice at times, such as DCA Bitcoin and Ethereum. But I am starting to wonder whether there is some truth to the idea that we are a source for countertrading.

For example, the best performers since the start of the year are Bitcoin Cash (+159%), Solana (+177%), and XRP (+113%). These are also three cryptocurrencies that are typically heavily disliked and mocked here. Meanwhile, an old sub favorite such as Algorand is down 36% since the start of the year.

If we look at sub favorites, most of them didnt do so well, except for Bitcoin and Ethereum of course. Some therefore joke that the r/CryptoCurrency graveyard is huge:

  1. ALGO
  2. LRC
  3. ONE
  4. LUNA
  5. CRO
  6. VET
  7. CKB
  8. NEO

Although each coin also had an insane run, to be fair.

So, a simple question: Is there truth to "inverse r/CryptoCurrency" and why (not)?

submitted by /u/Beyonderr
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments